Re: Joining to different credit unions?

I just joined my 2nd credit union. The 1st Credit Union I have been a member of for about 5 years. They are very conservative with lending, etc. So I decided to join another as more of an experiment. I joined and applied for a personal loan on the same day last week, they approved me. Then today, they approved me for a credit card. So it depends on your individual needs, if you're looking for checking/savings, loans/credit, investments/insurance, etc. it may be beneficial to join two.

Re: Joining to different credit unions?

I learned from experience in the financial crisis that having everything in one or two financial institutions can hurt you when one decides to change course. There's also the risk of mergers etc. causing a negative turn.

I choose to belong to two CUs (NFCU and my job CU) and USAA (more like a CU than a bank).

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